I keep seeing nzdusd charted as a bearish bat and I have to disagree. There is no almost when it comes to the ratios in the pattern A bat pattern MUST meet the following criteria with no exceptions.
x-b= .382-.50
a-c= .382-.886
b-d= 1.618-2.618
x-d= .886
In nzdusd I can not see a way to get x-b below .50 or equal to .50 therefore, it is not valid. Please do not ever force a trade.
x-b= .382-.50
a-c= .382-.886
b-d= 1.618-2.618
x-d= .886
In nzdusd I can not see a way to get x-b below .50 or equal to .50 therefore, it is not valid. Please do not ever force a trade.